Categories: DebtNewsReviews

DebtSafe Review 2023

Published by
Lethabo Ntsoane

DebtSafe is a debt management company based in Limpopo, South Africa that offers debt counselling, debt consolidation, and other debt management services to clients across all 9 provinces of the country. Founded in 2009, the company has helped over 30,000 South Africans with their debt issues and employs between 100 and 200 staff.

They are registered with the National Credit Regulator and have registration number NCRDC1078. They specializes in debt review, debt counselling, debt consolidation, debt relief, and debt management.

One of the key services provided by DebtSafe is their debt review solution, which is designed to help over-indebted South Africans become debt-free. The process includes 5 steps, starting with a free assessment to determine whether the client is over-indebted and struggling to meet their financial obligations.

DebtSafe then notifies creditors of the client’s use of the debt review services and negotiates with them to create a repayment plan that is tailored to the client’s current financial situation. Interest rates on loans may also be renegotiated.

Once the plan is approved by the creditors, it is applied to the magistrate’s court and a payment distribution authority is used to make payments to the creditors. After the debt is settled, DebtSafe provides the client with a clearance certificate and notifies the credit bureaus to clear the client’s credit record.

Some of the benefits of using DebtSafe’s debt review solution include: -You will have a single, manageable monthly payment. -Interest rates and fees will be reduced. -Protection from legal action by creditors while under debt review. -A debt counsellor will negotiate on your behalf to restructure your debt repayments. -Potential to be debt-free within 5 years.

If you’re struggling with your debt and want to become debt-free, DebtSafe’s debt review solution can help you. Contact them today to learn more and get started with the process of becoming debt-free.

Join Our Newsletter
Subscribe to our newsletter and stay updated.

Sponsored

Start trading with a free $30 bonus

Unleash your trading potential with XM—your gateway to the electric world of financial markets! Get a staggering $30 trading bonus right off the bat, with no deposit required. Dive into a sea of opportunities with access to over 1000 instruments on the most cutting-edge XM platforms. Trade with zest, at your own pace, anytime, anywhere. Don't wait, your trading journey begins now! Click here to ignite your trading spirit!

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo